Poland: Inflation accelerates further in September
October 12, 2017
Consumer prices increased 0.4% in September, contrasting August’s 0.1% decline. September’s result was driven by an increase in the prices of clothing and footwear—due to the launch of new autumn collections—, transport, and gas, electricity and other fuels, which more than offset lower prices for recreation and culture.
Inflation came in at 2.2% in September, accelerating from August’s 1.8% reading but still remaining within the Central Bank’s 2.5% plus or minus 1.0 percentage point target band. Moreover, annual average inflation rose to an over four-year high of 1.5% from 1.3% a month earlier.
Core consumer prices grew by 0.1%, contrasting August’s 0.2% decline. Consequently, core inflation edged up to 1.0% from 0.7% a month earlier.